Dubset Scores $4 Million To License, Monetize Remixes
Dubset Media has scored a $4 million Series A funding round, led by Cue Ball Capital. Founded in 20o8, the company had previously closed two funding rounds for undisclosed rounds from investors including Rhapsody and Three Six Zero.
Other notable participants in Dubset' $4 million Series A round include the music data and rights company MediaNet, Neoteny 3, Resolute Venture Partners, and Redwood Venture Partners.
Dubset's MixBANK technology identifies musical recordings used in mixes and remixes, determining the appropriate rights holders (a DJ mix could have as many as 100 different rights holders), and simultaneously clearing the mix or remix across all rights holders. That enables record labels and music publishers to set permissions for access via a simple rules-based system which enables catalogs to be efficiently monetized and precludes the need to conduct time consuming searches and initiate claims.
"DJs are the ultimate curators and hundreds of millions of music fans all over the world are hungry for their mixes and remixes. We look forward to being able to make this amazing content available at scale," said Dubset Media CEO Stephen White. Our investors are a diverse group that shares our belief that the music fans who love mix and remix content are a massively underserved audience who will benefit immensely from our work at Dubset."